Price Analysis View Non-AMP

Today’s Bitcoin (BTC) Price Analysis: Here’s What to Expect During the Weekend

Published by
Sahana Vibhute

Bullish forces have engulfed the crypto markets as the Bitcoin price has been displaying some strength in the past few hours. The levels have surpassed one of the important resistances at $71,500, which has raised the hopes of the rally to achieve the crucial one at $72,500 in the next few hours. However, bulls do not possess the required momentum and hence it is now feared that the bulls may be trapped once again above $72,000. 

As the trade is about to enter the weekend trade, market participants expect a significant rise in volatility. It usually happens just before the weekly close, which helps the price begin the fresh weekly trade on a bullish note. Does this suggest the BTC price may mark a new ATH in the coming week or will it trap the bulls above $72,000 for another time?

The 4-hour price action of Bitcoin suggests the token has reached its interim highs and hence a minor pullback could be on the horizon. As seen in the above chart, the Bitcoin price is trading within an ascending triangle and unfortunately facing some bearish heat after reaching the resistance zone between $$71,435 and $71,866. Therefore, the upcoming weekend could be decisive for Crypto, as the trade set-up suggests a breakout while technicals indicate a diverse trend. 

Although the trend continues to remain in bullish favour, the OBV, or on-balance volume, has triggered a bearish divergence after hitting the upper threshold. Besides, the Bollinger bands are about to get squeezed, which may result in a huge price movement. As the bearish clouds hover over the BTC price rally, the possibility of a rejection emerges, which may drag the levels back below $70,000. 

However, if the bulls display strength and achieve the pivotal resistance above $72,500, then the bearish narrative could be squashed with an expectation of a new ATH above $75,000.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Holo Price Prediction for 2025-2030: When Will $HOT Reach $1?

Story Highlights The price of Holo (HOT) today is $0.0009571 HOT price may reach a…

April 20, 2025

What Happened In Crypto This Week?

 The cryptocurrency market experienced a whirlwind of developments this week. From Bitcoin price volatility and…

April 20, 2025

Firing Powell Could Set Dangerous Precedent and Hurt Crypto, Warns Pompliano

Crypto investor Anthony Pompliano recently criticized President Trump's recent threat to fire Fed Chair Jerome…

April 19, 2025

XRP Price Prediction 2025

XRP is currently trading near $2 after bouncing back from $1.61, with many traders viewing…

April 19, 2025

XRP News: ETF Approval Could Suck Up Supply Like a “Vacuum” & Pump Price Higher

A popular crypto analyst from the Good Morning Crypto podcast has made a strong prediction…

April 19, 2025

The SEC Rate Cuts Could be on the Horizon- Will XRP Price Explode by 45% This Month?

The XRP price has been displaying magnificent strength as the levels have been held above…

April 19, 2025